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Walgreen Co. Message Board

big.yank 22 posts  |  Last Activity: Jun 23, 2013 1:28 PM Member since: Jul 28, 2010
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  • Reply to

    Shorts dont have to cover

    by worldwide14u Jun 23, 2013 11:43 AM
    big.yank big.yank Jun 23, 2013 1:28 PM Flag

    If shares are cancelled which I think is likely, you are correct. Shorts get the ultimate payday. But there have been cases where a reorganization was pulled off without some debt/equity swap and the share price actually rose substantially. Plus, unless you are an arbitrageur that has just gotten in for the ghoulish conclusion, most shorts would prosper better by covering, taking their gain from the entry point and avoiding what can be a long, drawn out process by which common shares eventually get euthanized, cremated and their ashes sprinkled over Vernon, CA or Milton, GA where the death spiral originally and conclusively began.

    I actually feel bad for investors and longterm employees in this major and once very proud company. But a 20 year cycle of revolving losers at the top has exhausted the energy and future of Exide to a point in lead-acid where its ability to survive in any meaningful sense is highly questionable. It's a very tough business. But it is an impossible business when driven by crooks, idiots, newbies, egomaniacs and dysfunctional fiefdoms and national rivalries in the Euro sector that pit one Exide company against another Exide company for dominance in multi-national clients. Throw in the utter lack of technology leadership and the childish and as yet unresolved corporate rivalries between Exide, GBC, Prestolite, Chloride, GNB, Tudor... ad nauseum ,and the silly nationalistic biases in an unblended and non-integrated boullaibaise of American/British/Canadian/French/Scandinavian/German/Italian distrust and totally dysfunctional management.

    Goodbye, Exide. May the ghosts of Fred Daniels and Harry Noznesky haunt your dreams as you go through the death throes of the final countdown.

  • big.yank big.yank Jun 23, 2013 9:47 AM Flag

    Shares will begin trading tomorrow on the OTC Market System under the symbol XIDEQ. Yahoo will likely continue reporting S/P activity but will probably take this message board down after delisting is processed. Delisting is a drag on future prospects as most insty's will not or cannot by charter carry stocks with less reporting than NASDAQ or NYSE standards require.

    I doubt Exide wanted to be delisted, but if true it would be not wanting to reveal audited financials, not because of lower OTC listing fees.

    The common shares will almost certainly be cancelled, as was the case during their original bankruptcy filing. Sadly, the environmental burden spans far greater potential liabilities than just a clean-up in Vernon. NOBODY will take XIDEQ over because of decades of environmental mismanagement and the stupid acquisition of GNB's ultra-high-risk recycling facilities like Frisco and Vernon. XIDE had huge enough liabilities in its own messes in Berks County, PA and elsewhere that only conclude in a fatal outcome, IMHO.

    If some of the assets, especially in Europe, can be sold off I cannot envision common shareholders ever seeing anything. The line of hands-out for compensation from Exide's coffers is very long and includes environmental claims which in somewhat similar scenarios like Johns-Manville in the asbestos remediation case reserved assets for claims, not common shareholder payment.

    The only value in XIDE is the disemboweled assets if they can be severed from the cancerous legal, environmental and debt obligations and sold to another company with management discipline and actual knowledge of the battery business. I do not see JCI or ENS being interested so maybe only the Chinese or Yuasa would have any likely interest. Warren Buffett owns a big chunk of a major Chinese battery producer. Hmmmm.

  • Reply to

    New, destructive Target retail strategy

    by big.yank May 5, 2013 7:26 AM
    big.yank big.yank Jun 19, 2013 7:16 PM Flag

    It's tough always being right, but I am not surprised about sinking value, here.

    In retail, you abuse the customers, they extract a pound of flesh for your abuse.

    I hope these guys get it together before it is too late! Not looking good, though. J.C. Penney was a case study in paybacks if you mess up.

  • Reply to

    This is just the first wave of buying

    by stockjedi83 Jun 11, 2013 1:07 PM
    big.yank big.yank Jun 11, 2013 1:18 PM Flag

    If you are talking about delisting in the sense of shares being cancelled, there is ZERO chance of this happening for MONTHS. If you are talking about downlisting from NASDAQ to OTC status, I expect this will happen before the week is out.

  • big.yank big.yank Jun 11, 2013 1:06 PM Flag

    Nope, not true. When the court accepts the BK filing, a Q is typically added to the trading symbol which immediately downlists to the Pink Sheets or the Bulletin Boards, as assigned by OTCMARKETS. The shares still trade, just not on the NASDAQ exchange. This often happens within a business day or two of the initial PR announcing the intent to file.

    As soon as this occurs, Yahoo normally shuts down the message board.

    This is what happened during Exide's prior bankruptcy.

  • Reply to

    Share Question

    by srosone Jun 10, 2013 9:14 AM
    big.yank big.yank Jun 10, 2013 12:28 PM Flag

    The is no workable analogy in comparing American Airlines to Exide. AMR's primary competitors all re-organized and shed legacy debt and benefits burdens. AMR was at a severe cost disadvantage. Exide bought most of its competitors and its primary domestic competitors, JCI and ENS have comparable cost structures other than maybe better managed environmental and SGA costs. Exide's SECOND bankruptcy results from a failed business plan and an apparent inability to manage its components.

    A re-organized Exide without a total housecleaning beginning with the ineffectual board of directors will only fail and file again, IMO.

  • Reply to


    by juliustt_xide Jun 10, 2013 6:22 AM
    big.yank big.yank Jun 10, 2013 8:18 AM Flag

    Laws in European countries do not permit bankruptcy. This is why only the U.S. operations in Milton, GA are included in the filing.

    The Exide Board of Directors should be immediately discharged. Management should go next. Loss of the Walmart business was fully preventable. Changes in lead can be hedged and offset with tolling arrangements on scrap. The EPA issues are fully preventable with proper oversight. "Operational difficulties" is a euphemism for gross mismanagement, IMO.

    This stock went to the bulletin boards, the last time.

  • Reply to

    All otther contract manufacturers are up but

    by joshua1779 Mar 14, 2013 7:24 PM
    big.yank big.yank May 24, 2013 3:59 PM Flag

    LOL. Well said! But I was never really sure whether he changed strategies or was just too stupid to understand what a strategy was, in the first place.

    He did, however, wear nice suits.

  • Reply to

    This will open monday in .60 easy money

    by des1302 May 24, 2013 2:56 PM
    big.yank big.yank May 24, 2013 3:52 PM Flag

    Why sugar coat it. The guy IS a moron for so stupid a post. Someone posting "easy money" as a prediction for a day the market is dark surely qualifies as a moron.

    In case you hadn't looked, a huge chunk of Exide's portfolio is overseas and those folks do not comprehend Memorial Day as a U.S. holiday. You promise them a big gain prior to market close, who knows how many lambs get duped and potentially slaughtered?

    Yahoo Finance is supposed to be a forum for investment discussion, not a platform for morons to make ridiculous, unsubstantiated claims. Posts like this are one major reason why fewer and fewer investors post messages here. Just too much GARBAGE with zero investment value.

  • Reply to

    This will open monday in .60 easy money

    by des1302 May 24, 2013 2:56 PM
    big.yank big.yank May 24, 2013 3:16 PM Flag

    You really must be a moron. The market is closed on Monday!

  • Reply to

    All otther contract manufacturers are up but

    by joshua1779 Mar 14, 2013 7:24 PM
    big.yank big.yank May 19, 2013 5:05 PM Flag

    The problem with CLS was and remains that Craig Muhlhauser is one of the dumbest individuals ever to walk the face of this earth. The guy is an absolute moron. Look at his track record before he came to Celestica. Mr. BK! He runined Visteon, destroyed Exide and is now working on #3.

    Muhl is like the Grim Reaper of corporate ruination and the consummate destroyer of shareholder value. But he does OK for himself...

  • Reply to

    Should you sidestep WAG? Discover why.

    by burnetteeddie May 14, 2013 12:55 PM
    big.yank big.yank May 14, 2013 3:52 PM Flag

    Hey, thanks for all the great spam, today, guys. Your "stuff" is so much better than all that #$%$ that cmxsux2 keeps spewing under his ridiculous "cc": identity and all his other bogus identities when sparring with bashersuit.

    Keep up the good work. It is really nice to get a changing up of rubbish after so many years of childish stupidity from just the same two losers who just annoy and waste the time of investors that want to buy or sell Walgreens stock.

    Thanks again!

  • big.yank big.yank May 6, 2013 4:01 PM Flag

    As I stated, earlier, let's just let sleeping dogs lie. I no longer own Walgreens stock. I really only follow it at all since I have family members with large stakes here, going back generations. It's time to move on.



  • Reply to

    New, destructive Target retail strategy

    by big.yank May 5, 2013 7:26 AM
    big.yank big.yank May 6, 2013 12:33 PM Flag

    Final word: Yes, you are correct. "Target doesn't care what you do..." That is a 100% truthful statement. Target does not care. If they did they would never staff an A volume store on a busy, midday Saturday with two cashiers and one frayed looking kid at the Service Desk. And Target's website offers NO opportunity for customer feedback, so, again, THEY DON'T CARE. Then, when I complained about lack of help, NO MANAGER came forward and NO additional registers were opened. Why should I expect anything else to happen... you are right, Target doesn't care!

    My lousy $500 to $1,000 in business per year won't move the share price down nor will my complaint have any impact because lousy service and abuse of customers have apparently become part of the culture at Target. The cretins on this message board only corroborate how arrogant, dismissive abandonment of good customer service and the shopping experience has repositioned the Target bullseye on the back of the Target Dog while the NRA lines up a posse of AK-47's to mow him down.

    Bye-Bye morons!

  • Reply to

    New, destructive Target retail strategy

    by big.yank May 5, 2013 7:26 AM
    big.yank big.yank May 6, 2013 12:01 PM Flag

    Never fear, Target pumpers, I won't trouble this ridiculous cadre of TGT pumpers again, nor will I trouble any Target store with any more business. Just like I quit shopping Sears, years ago. Same arrogance and disregard for customer service.


  • Reply to

    New, destructive Target retail strategy

    by big.yank May 5, 2013 7:26 AM
    big.yank big.yank May 6, 2013 10:25 AM Flag

    Hate to burst your bubble but I am retired and own no retail stocks. I am, however, a consumer and I know terrible service when I see it. Just for the record, I have observed substandard service at the Target location in Somersworth, NH and Venice, FL, recently. SSDD. Busy stores, few cashiers, long lines, upset customers.

    Why does Target have no feedback link on its corporate website? Just one more indication of the apparent disdain they, like the posters on this board, have for the customer experience.

  • big.yank big.yank May 5, 2013 10:48 AM Flag

    Your memory is conveniently erratic and imprecise. I initially came to this message board as an angry customer, unable to get satisfaction after being blown off by store management and the corporate 800#. Then when I came to this board since I was also an investor in Walgreens, the cadre of WAG employees that populated this board insulted, mocked, mimic'd and libeled me relentlessly, reinforcing the utter disdain that Walgreens employees had for taking care of customer complaints. They wanted scorched earth, so they got scorched earth.

    I sold my 30K+ shares of WAG stock some years ago after making virtually nothing on it while the rest of the market made major gains. My family still owns somewhere in the neighborhood of 1 million shares. Why don't you just let sleeping dogs die instead of reinstigating more negativity towards this company?



  • Target has so heavily trimmed its store labor that it is now often unpleasant and sometimes absolutely IMPOSSIBLE to shop there. Yesterday, Saturday @ 12:30 PM was the end... long lines at the registers, two cashiers with about 9 customers in line, each. Associates trying to buy lunch items on their break were going to the service desk to get rung out. This scenario has become the norm at Target... no help, no cashiers and dreadful customer service.

    When I got home I tried to register an online complaint, only to discover that the "contact us" link oin the Target website is only enabled to handle complaints or action relating to online orders. Nice. Just tune out the customers with a "drop dead" attitude of who cares.

    The lady in line in front of me left a basket including frozen and refrigerated items and stormed out of the store without paying. Others were complaining loudly about #$%$ Target." I just dropped my items at one of the idle registers... not hard to find one since that included most all of them... and left. I will not be back. Walmart was always cheaper, but now they are also BETTER (not great,but better than Target).

    Pitiful. This was like a throwback to the earlier disgraceful retail brands under Dayton-Hudson such as Venture Stores.

  • Reply to

    Message to Wade Miquelon (CFO-Walgreen):

    by oracleofny May 3, 2013 12:07 PM
    big.yank big.yank May 3, 2013 2:42 PM Flag

    Too late... Wade has already left for Happy Hour.




  • big.yank by big.yank Apr 30, 2013 2:29 PM Flag

    There hasn't even been any good spam on this board in several days. Spam has routinely been the highest investment content posted on this message board.




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